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U.S. Machinery Industry Analysis

UpdatedJun 15, 2026
DataAggregated Company Financials
Companies191
  • 7D0.7%
  • 3M9.3%
  • 1Y42.3%
  • YTD17.8%

Over the last 7 days, the Machinery industry has remained flat. As for the the longer term, the industry is up 42% over the past 12 months. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

Has the U.S. Machinery Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Jun 2026US$1.5tUS$489.5bUS$44.9b27.3x34.4x3.1x
Wed, 13 May 2026US$1.5tUS$460.8bUS$43.8b26.8x34.6x3.3x
Fri, 10 Apr 2026US$1.5tUS$451.4bUS$43.6b28.1x33.6x3.2x
Sun, 08 Mar 2026US$1.4tUS$449.8bUS$43.2b27x32x3.1x
Tue, 03 Feb 2026US$1.4tUS$450.8bUS$42.8b27.8x31.9x3x
Thu, 01 Jan 2026US$1.3tUS$450.9bUS$43.7b25x28.9x2.8x
Sat, 29 Nov 2025US$1.3tUS$450.7bUS$43.7b24.9x28.7x2.8x
Mon, 27 Oct 2025US$1.2tUS$445.8bUS$44.2b24.6x27x2.7x
Wed, 24 Sep 2025US$1.2tUS$447.0bUS$44.2b24.4x26.4x2.6x
Fri, 22 Aug 2025US$1.1tUS$446.8bUS$44.2b23.7x25.5x2.5x
Sun, 20 Jul 2025US$1.1tUS$449.5bUS$44.6b23.3x24.5x2.4x
Tue, 17 Jun 2025US$1.0tUS$449.2bUS$44.5b23.2x23.3x2.3x
Thu, 15 May 2025US$1.1tUS$451.6bUS$45.2b22.9x23.4x2.3x
Sat, 12 Apr 2025US$908.6bUS$457.0bUS$48.6b19.7x18.7x2x
Mon, 10 Mar 2025US$1.1tUS$458.0bUS$47.8b22.1x22.2x2.3x
Wed, 05 Feb 2025US$1.1tUS$462.2bUS$49.2b23.5x22.3x2.4x
Fri, 03 Jan 2025US$1.0tUS$467.6bUS$47.9b22.7x21.8x2.2x
Sun, 01 Dec 2024US$1.2tUS$467.6bUS$47.8b25.5x24.1x2.5x
Tue, 29 Oct 2024US$1.1tUS$473.9bUS$49.0b21.5x21.5x2.2x
Thu, 26 Sep 2024US$1.1tUS$474.2bUS$49.4b21.8x21.3x2.2x
Sat, 24 Aug 2024US$984.6bUS$474.2bUS$49.1b21.8x20.1x2.1x
Mon, 22 Jul 2024US$1.0tUS$476.7bUS$51.7b20.9x19.5x2.1x
Wed, 19 Jun 2024US$965.3bUS$477.0bUS$51.3b21.5x18.8x2x
Fri, 17 May 2024US$1.0tUS$479.5bUS$51.8b22.1x20.2x2.2x
Sun, 14 Apr 2024US$1.1tUS$478.1bUS$48.1b23.4x22x2.2x
Tue, 12 Mar 2024US$1.0tUS$477.2bUS$47.5b24.3x21.2x2.1x
Thu, 08 Feb 2024US$971.2bUS$476.3bUS$47.1b22.8x20.6x2x
Sat, 06 Jan 2024US$939.6bUS$485.4bUS$47.8b22x19.7x1.9x
Mon, 04 Dec 2023US$902.0bUS$483.9bUS$47.8b20.8x18.9x1.9x
Wed, 01 Nov 2023US$811.8bUS$481.3bUS$46.3b18.7x17.5x1.7x
Fri, 29 Sep 2023US$877.1bUS$475.1bUS$44.4b20.3x19.8x1.8x
Sun, 27 Aug 2023US$900.2bUS$475.1bUS$44.5b20x20.2x1.9x
Tue, 25 Jul 2023US$945.9bUS$461.2bUS$40.4b20.5x23.4x2.1x
Thu, 22 Jun 2023US$894.5bUS$460.9bUS$40.5b20x22.1x1.9x
Price to Earnings Ratio

22.1x


Total Market Cap: US$894.5bTotal Earnings: US$40.5bTotal Revenue: US$460.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 23.7x202420252026
Current Industry PE
  • Investors are optimistic on the American Machinery industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 34.4x which is higher than its 3-year average PE of 23.7x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 3.5% per year over the last three years.
  • Revenues for these companies have grown 2.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market0.50%
Industrials1.35%
Machinery0.72%
Industrial Machinery1.91%
Agricultural Machinery0.46%
Construction Machinery and Vehicles-0.27%
Industry PE
  • Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 20.3x.
    • Analysts are expecting annual earnings growth of 17.2%, which is higher than its past year's earnings decline of 5.5% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 18.3x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 16% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PH Parker-HannifinUS$903.482.3%
+US$2.6b		36.5%PE32.7x
ITW Illinois Tool WorksUS$257.432.0%
+US$1.5b		5.3%PE23.6x
DE DeereUS$577.480.7%
+US$1.0b		10.1%PE32.6x
WAB Westinghouse Air Brake TechnologiesUS$265.202.1%
+US$945.1m		30.3%PE37.3x
CR CraneUS$206.577.2%
+US$798.6m		13.3%PE37.2x

Latest News

CAT
US$910.57
Caterpillar
7D
-0.6%
1Y
151.2%
Seeking Alpha • 3h

Caterpillar: A World-Class Industrial At A World-Class Price Tag

Summary Caterpillar is a high-quality, cash-generative leader with a record backlog, robust free cash flow, and a 32nd consecutive annual dividend increase. CAT's recurring high-margin service revenues, dealer network, and autonomous mining technology underpin a durable structural moat and strong profitability. Despite operational excellence, CAT trades at 35x forward earnings—well above historical and peer multiples—leaving limited upside and justifying a hold rating. I would accumulate CAT on a 10-15% pullback or if automation and power growth materially exceed expectations; until then, patience is warranted. Read the full article on Seeking Alpha
IR
US$74.00
Ingersoll Rand
7D
2.1%
1Y
-9.3%
Seeking Alpha • 4h

Ingersoll Rand Is Slightly More Interesting Now (Rating Upgrade)

Summary Ingersoll Rand is upgraded from sell to hold due to modest improvements in its operations and a recent pullback in its stock price. IR continues to face organic growth challenges, margin compression, and subpar earnings momentum, with Q1 2026 EBITDA margin down 140 bps year-over-year. Recent bolt-on acquisitions, including Scinomix and Fox s.r.l., have modestly expanded IR’s portfolio but have not meaningfully altered growth dynamics. IR’s low dividend yield (0.11%) and persistent macro risks limit its attractiveness versus industrial peers, despite manageable leverage and a stable credit outlook. Read the full article on Seeking Alpha
WTS
US$333.11
Watts Water Technologies
7D
5.6%
1Y
38.1%
DE
US$577.48
Deere
7D
0.7%
1Y
10.1%
SWK
US$83.62
Stanley Black & Decker
7D
6.5%
1Y
27.2%
FTV
US$60.14
Fortive
7D
-1.7%
1Y
-15.0%
SYM
US$41.63
Symbotic
7D
-6.1%
1Y
28.3%
CYD
US$50.03
China Yuchai International
7D
-11.5%
1Y
126.3%
WAB
US$265.20
Westinghouse Air Brake Technologies
7D
2.1%
1Y
30.3%
ITT
US$189.13
ITT
7D
-1.0%
1Y
24.5%
Seeking Alpha • Jun 08

ITT: Share Gains, A Short-Cycle Rebound, And An Accretive Deal Led To Solid Results

Summary ITT Inc. continues to execute well, buoyed by robust short-cycle markets and the accretive SPX FLOW acquisition. Q1 delivered strong organic growth, margin expansion, and raised guidance, with notable outperformance in Flow Technologies and CCT. SPX FLOW acquisition enhances portfolio diversification and margin profile, but near-term capital allocation is constrained by increased leverage. Valuation is demanding, offering modest upside; long-term prospects remain attractive, but ITT stock is a tougher recommendation for new entrants. Read the full article on Seeking Alpha
LECO
US$258.25
Lincoln Electric Holdings
7D
-1.0%
1Y
26.3%
Narrative Update • Jun 08

LECO: Future Earnings Power And Share Repurchases Are Expected To Support Upside

Lincoln Electric Holdings’ updated analyst price target of $294.11, up from $290.44, reflects analysts’ refreshed assumptions for fair value, discount rates, revenue growth, profit margins, and future P/E following a mix of recent target hikes and cuts across the Street. Analyst Commentary Recent Street research on Lincoln Electric Holdings reflects a mix of optimism and caution, with some analysts lifting their targets and others trimming them, as well as at least one reset to a Hold rating.
PH
US$903.48
Parker-Hannifin
7D
2.3%
1Y
36.5%
Narrative Update • Jun 08

PH: Aerospace Acquisition And Dividend Streak Will Support Constructive Long Term View

Analysts have made a slight adjustment to their Parker Hannifin view, trimming the fair value estimate from $1,033.75 to $1,032.50 as small tweaks to discount rate, revenue growth, profit margin and future P/E assumptions offset each other. What's in the News Parker Hannifin agreed to acquire CIRCOR Aerospace from KKR for US$2.55b in cash, adding flight critical motion and flow control systems and related technologies for commercial and defense platforms (source: recent deal announcement).
ITW
US$257.43
Illinois Tool Works
7D
2.0%
1Y
5.3%
Narrative Update • Jun 07

ITW: 2026 Margin Outlook And Dividend Strength Will Guide Fairly Valued Shares

Narrative Update Overview The analyst price target for Illinois Tool Works is now set around $274.54. This reflects mixed revisions from recent Street research, with some firms cutting targets by $8 to $25 and others raising theirs by $1 to $10, as analysts weigh updated assumptions on discount rates, long-term P/E, and the broader earnings profile for the company.
CMI
US$659.58
Cummins
7D
-1.9%
1Y
104.6%
CR
US$206.57
Crane
7D
7.2%
1Y
13.3%
Narrative Update • Jun 05

CR: Acquisition Momentum And Margin Strength Will Support Premium Future P/E

Analysts have trimmed their price target on Crane to $235 from $238, citing updated assumptions that combine slightly lower projected revenue growth and P/E with a modestly higher profit margin outlook and discount rate. What's in the News Crane reported Q1 revenue up 24.9% year on year, coming in 3.8% above analyst expectations, with adjusted EPS up 15% in the quarter, according to recent coverage of general industrial machinery stocks Q1 results.
AGCO
US$112.49
AGCO
7D
-2.7%
1Y
9.1%
Narrative Update • Jun 03

AGCO: Tariff Relief And Mixed Regional Trends Will Likely Cap Future Upside

Analysts have nudged the fair value estimate for AGCO up from $102.00 to $105.00, pointing to updated tariff relief that supports earnings potential for agricultural equipment makers, and also reflecting revised assumptions for discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent Street research around AGCO is mixed, with some analysts highlighting tariff relief as a modest earnings tailwind while others are leaning more cautious on the stock's risk and reward trade off.